iShares Gold Trust (NYSEARCA:IAU) Shares Purchased by Smithfield Trust Co

Smithfield Trust Co grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 254.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,276 shares of the exchange traded fund’s stock after buying an additional 2,351 shares during the period. Smithfield Trust Co’s holdings in iShares Gold Trust were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in IAU. Archer Investment Corp lifted its position in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $34,000. Finally, Pacifica Partners Inc. purchased a new stake in iShares Gold Trust in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $50.44 on Friday. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69. The company’s fifty day moving average is $50.26 and its two-hundred day moving average is $47.07.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.